If they are on you credit report then their contact infomation should be as well, just give them a call. If not, go to the place you got the loan from? Never had a payday loan, is there somthing im missing?

Pay day loans are irksome. I dont understand the reasoning behind opting for this filthy system of lending.

Missb291,

I would suggest you to do some serious calculations on how much you earn and how much you spend. I am sure once you save enough money you will be able to pay them back. Which state do you belong to? Are PDL's legal there? Are these online PDL's or store front ones?

JaniceGuest

Subject: Payday Loans

Thu Apr 24, 2008 11:06 pm
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None of your information was helpful! the writer did not ask about payday loans or how he got in trouble! He asked how to get help. There are companies out there that work on negoiating with paydal loans exclusively. The way they work is they will ask you to submit to them paperwork on how many payday loans you have, and how much you owe. They work like this - You give them the list, they know most of them and what they are willing to take. They will then tell you how much you need to have in a checking account to pay these people a monthly amount. They base this on your income/expenses. They will suggest you close your current account out to prevent money going out and open one for them and one for you. They contact the lenders, and arrange an negoiation settlement and then, you provide the money in the checking account - they pull it and they pay the payday loan companies. MOst of the payday loan companies are willing to work with them.

Guest

Fri Apr 25, 2008 10:29 am
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Thanks a lot Janice for your exclusive help here. Hope to see more of your treasured posts, specially for PDL's. Could you please let us know about some of these companies with whom the PDL's work? Any specific that you know?

Good info Janice. You will need to let us know if there are any reliable agencies like you speak of. I thin k alot of people run scared of agencies like this because there are so many out there that aren't looking to help but collect money. People who have good outcomes with these places should help by listing them. It would help a person who wants to go this route but is too nervous too.

I really must know how these companies you speak of stay in business. I guess all of the employees are full time volunteers, I also bet their cars run on love and peace. -Oh wait, I figured it out. Those great companies you are referring to charge ppl who are already in debt over their heads to call the PDL companies and tell them "okay, this person can afford to give you x dollars a month, here's a promise to pay"

Nothing in this life is free and ppl are better off calling their creditor themselves and being honest about their abilities. If you cant pay your bills how can you afford to pay someone else to pay them?

Now, that I beat that dead horse into the ground...

missb291,

Listen to Justin. Sit down and look at your checking account and figure out what you spend monthly. Yes, your bills probably equal x amount of dollars if you sit down and say 'lets see 150 electric, 725 rent...etc" but, you really need to see where your money is really going. You might be shocked to find that you spend 200 a month on cigarettes or, 100 on coffee etc. Once you know where your cash is going cut back where you can. Then give yourself a cushion each week for the unexpected. You should never budget away all of your money. Once you do this take a look at what you have left over each month. Then tally up your debt and take a look at the companies you owe money too. You are going to want to give more money to the companies that are more likely to go to court or, have higher fees or interest. Call each of the companies and tell them what you can afford to give them monthly. Don’t let them try to tell you what you can afford,be honest and firm with them. Once you reach an agreement ask them to send you a letter with the terms you agreed on.

Then stick to your agreements. if you have extra money at the end of the month pay whatever company has the highest fees. It wont happen overnight but, its the best way to go.

WOW!! I have to say that was no 'sugar coating' about that!! Sometimes people HAVE to hear it that way. I know I do sometimes. Just getting back to the 'reality thing', I think. responsibilty is the key to take care of your debts..no matter how big or small.

I thought the PDL's, THEMSELVES, could not report to the CB's. I thought it was the CA's, that 'represent' the PDL's that report. I've never seen an ACTUAL PDL on my CR. ....just CA's on it. But.if ALOT of the PDL's are illegal, how can ANY CA 'represent' them? Can get confusing sometimes. It's like a 'Catch 22'.

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.

Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.

Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.

Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.

The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.